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Which Localities are in most demand for Residential Properties in Pune

Well, Pune is definitely a good place to invest in property, whether you want for your own or to rent it out. The rates have shown an exorbitant increase and there is no chance of going the market downward in the coming years.
Every six months, some or the other residential project is announced and the flats get booked with an unbelievable speed. Not only are the age-old hotspots such as Hinjewadi or Wakad, but even new residential projects in Pune Sinhagad Road capture immediate attention.

Location is not a big deal nowadays

Gone are the days when people used to look for residential properties that are closer to their workplace. With the enormous increase in the property prices, it becomes impossible to buy flats in such areas. Hence, people prefer localities that are far off, but affordable.
It is the reason; localities such as Sinhgad road got so much importance. Now 1, 2 & 3 BHK flats in Pune Sinhagad Road are sold at premium rates.
Here are the top-preferred localities that are in a big demand:

Sinhgad Road

Several builders and developers have focused on this area and developed contemporary residential apartments, flats and row houses there. The target audience is IT professionals who have their personal vehicles. Hence, they don’t have any problem in commuting to their workplace (mostly Hinjewadi) by car.
The rates have increased in this area, but they are still within reach. It is possible to buy 3 bhk flats in sinhagad road at the price of 2 BHK flat in other areas. The localities are in a little bit outskirts as of now, but there is a massive development happening around.

Moshi

Another prominent area that is in great demand is Moshi. It is near Pimpri-Chichwad, the already saturated zone. Since Moshi is awfully close to the industrial and IT belts of PC (Pimpr Chinchwad), Talawade and Talegaon; it is preferred by service-class buyers.
The infrastructural development in Moshi has been phenomenal. Good roads, big markets, shopping centers and recreation areas are coming up.

Wagholi

Wagholi is one of the most happening localities in Pune. It is adjacent to Magarpatta City and Viman Nagar. Since it is located at the Pune-Nagar highway, there is a strategic benefit of buying a residential flat there from the long-term perspective.
It is the reason; people who already own 1, 2 & 3 BHK flats in Pune Sinhagad Road also buy flats in Wagholi as a Second Home.

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Here’s why Undri Pisoli is a Hot Property Market in Pune

After 2007, the demand for residential properties near commercial hubs increased manifold in Pune. Experts say that the demand for good quality residential flats is not limited to the primary hubs, but it extends much beyond it. Localities near big IT parks or other commercial hotspots are in a great demand.

Since Hinjewadi, Bhosari and PCMC have emerged as major industrial and IT hubs; people prefer residential flats that are conveniently commutable from these places.

Undri Pisoli are amongst the most rapidly developing areas in Pune. 1 and 2 bhk residential projects in pisoli pune are in a great demand.

Why Undri Pisoli is the ‘market in demand’?

Home buyers get attracted by the pristine surroundings and jaw-dropping landscape of Undri-Pisoli. Moreover, it is quite close to Hadapsar, Kharadi and most importantly; Magarpatta City. Since the posh localities of Pune such as Kondhwa, NIBM and Wanowari are also at a convenient distance; flats in pisoli get sold at premium rates.

Infrastructure facilities are quite good in Undri-Pisoli, and you have all big names in the field of real estate launching projects there. Since the spectrum of choices is pretty wide, no wonder the premium buyers are also looking at buying opportunities there.

What are the demand drivers?

First of all it is conveniently located. Hence IT professionals, business owners and other professionals find it lucrative. Secondly, it gets the benefit of spill-over demand from areas such as Hadapsar and Magarpatta city.

Third and important reason is a Residential projects in Pisoli Pune are quite affordable compared to other areas. Since it is well-connected to central Pune, IT hubs and other commercial areas; people prefer investing in Undri Pisoli.

A wide variety of luxurious, well-planned, and contemporary housing projects are there to fulfill the demands of buyers. Undoubtedly, it is amongst the best investment options in Pune.

It is a destination ‘fit for all’

1 and 2 bhk residential projects in pisoli pune have come up in the recent years because the area is in a high demand. People from Kondhwa, Fatimanagar, and Wanowrie are getting shifted to Undri Pisoli because they want to stay close to the nature.
Those who are not in a position to relocate, buy flat as second home. They come along with their friends and family to spend a gala time on weekends.
All these aspects make Undri Pisoli the prime property market in Pune.